After this month's market gyrations sent high-yield bond prices sharply lower, some analysts believe the air has come out of the market.» Read More
As yield-chasers move further out the risk spectrum, covenants on loans and bonds have loosened, but it isn't clear whether investors need to worry.
NEW YORK, Oct 10- Dynegy set price talk Friday morning on a new $5.1 bn high-yield acquisition finance bond expected to price later in the day. Leads set talk at 6.75% area on a minimum$ US2bn five-year non-call 2.5; 7.375% area on a US $1.5- 2.0 bn eight-year non-call four; and 7.75% area on a US $1.0- 1.5 bn 10- year non-call five. Morgan Stanley is lead-left on the deal,...
A simmering mix of a strong dollar and weak commodity prices may brew up trouble for junk bond ETFs with a hefty weighting in materials companies.
High-yield bonds offer compelling valuations and better fundamentals following the selloff since mid-year, Pimco said in a note Thursday.
Even though interest rates in Europe are widely expected to stay in negative territory for a while, some analysts are still finding yield plays.
Viktor Hjort, Head of Asia Fixed Income Research at Morgan Stanley, says the widening spread between high-yield bonds and the U.S. Treasuries indicate that markets are seeing a correction.
BERLIN, Oct 5- The European Central Bank's plans to buy rebundled packages of debt have drawn sharp criticism from officials in Germany, including the head of the Bundesbank, the ECB's former chief economist and allies of Chancellor Angela Merkel. It will include buying debt with a "junk" credit rating from Greece and Cyprus as long as such countries are under a...
Zak Summerscale, CIO for European high yield ay Babson Capital, says that there are some "great opportunities" in the high yield market - such as buying loans from European bad banks.
The selloff in high-yield bond ETFs last week has revived fears that the sector may be headed for a bruising.
Calls for the bond market to drop this year have largely come to naught, and some analysts are now looking for gains.
LONDON, Sept 18- Investors are starting to price the risk of Russia's credit rating falling to junk if Western sanctions and Moscow's response plunge the economy into recession and deplete its $450 billion reserves. Moody's, which rates Russia Baa1 or three notches above junk, said this week that the latest sanctions were credit negative.
CNBC's Jeff Cox, and Michael Kastner, Halyard Asset Management, discuss why retail investors are steering clear of junk bonds while institutional money is buying.
Corporate Asia has taken advantage of ultra-low interest rates, loading up on debt, but with rates set to rise, there may be risks ahead.
Junk bonds remain a solid investment for the time being, BlackRock's Jim Keenan says.
Jeff Rosenberg, BlackRock chief investment strategist for fixed income, discusses investing in Treasurys versus stocks and weighs in on the junk bonds selloff.
Wall Street is dipping back in to the junk bond market after the rout in high-yield corporates resulted in record outflows just a week ago.
NEW YORK, Aug 8- Investors worldwide pulled a record $11.4 billion out of high-yield junk bond funds and bailed out of stock funds at the most frantic pace in six months in the week ended Aug. 6, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
*Areva's BBB- long term rating just one notch above junk. *Areva earnings guidance not in line with S&P assumptions. PARIS, Aug 7- French nuclear group Areva could find its investment grade credit rating under threat after warning of lower sales last week, which upset the assumptions of the only agency that rates its debt.
CNBC's Kate Kelly reports the fall in junk bonds is raising questions about the health of equities.
NEW YORK, Aug 4- Wall Street banks have found a U.S. review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses.